News

German Federal Cartel Office: Transfer of Employees May Already Be Subject to Merger Control

The German Federal Cartel Office (Bundeskartellamt) recently investigated a significant case involving so-called "Acqui-Hires." The Case concerned the transfer of almost all employees of Inflection AI, Inc. to Microsoft Corporation. Although the specific transaction ultimately did not require notification in Germany, the case illustrates that the transfer of highly qualified employees may, under certain conditions, be subject to merger control.

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Energy Law29.11.2024 Newsletter

The energy impulse: The overbuilding of grid connection points in the amendment to the German Energy Industry Act (EnWG) – windswept and sunburnt?

Unfortunately, it is becoming more and more commonplace for grid operators to receive a large number of grid connection requests from wind and solar projects. This can sometimes lead to waiting periods (of years) before grid operators are able to connect renewable energy plants to the public electricity grid, which in turn results in significant delays in the completion of wind or solar parks. This fact is unknown to some project developers in its current and sometimes extreme form. In the worst case, where a project developer has already made firm commitments such as to supply electricity under a power purchase agreement (PPA), this can trigger severe (penalty) payments. In short, the economic viability of entire projects can be jeopardised by the backlog of connection requests to the grid operator.

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New Ecodesign Regulation and delegated acts - Companies can help shape the design

The Ecodesign for Sustainable Products Regulation (EU) 2024/1781 ("ESPR") replaced the Ecodesign Directive (2009/125/EC) on July 18, 2024. The ESPR aims to make sustainable products the norm in the EU internal market and to reduce their overall environmental and climate impact. Companies can still register until December 5, 2024 to help shape delegated acts.

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Oppenhoff advises Sunovis on the sale of a 102 MWp solar park in Saxony-Anhalt

Oppenhoff has advised the German project developer Sunovis on the sale of a 102 MWp solar park in the district of Börde in Saxony-Anhalt. The buyer, the CEE Group, which specialises in renewable energies, is expanding its portfolio in the field of photovoltaics with this transaction.

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Are companies losing the last bit of control over data protection related claims for damages? - The Federal Court of Justice issues judgement on damages due to loss of control in Facebook scraping cases

On 18 November 2024, the German Federal Court of Justice (Bundesgerichtshof, BGH) issued a judgement that makes it easier to prove damages in the form of loss of control in connection with data protection incidents. At least, the BGH considers the amount of damages to be rather low compared to sums frequently claimed. This will influence a large number of current and future claims for damages.

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New EU Commission FAQs on the "Best Efforts" Obligation in Art. 8a of Regulation 833/2014 - Much Ado About Nothing (?)

On 22 November 2024, the EU Commission finally published its long-awaited guidance on the interpretation of the so-called "best efforts" obligation in Art. 8a of Regulation 833/2014. While the guidance contains some helpful information for EU operators, it generally reiterates the already known and established standards of sanctions compliance without clearly addressing the crucial issue of the scope of extraterritorial effects of EU sanctions.

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Oppenhoff advises SnowWorld on the acquisition of Snow Dome Bispingen

Oppenhoff has comprehensively advised SnowWorld on the acquisition of the Ski Dome in Bispingen. The Snow Dome Bispingen, located south of Hamburg, is thus the group's second location in Germany, alongside Alpenpark Neuss, and will be renamed SnowWorld Bispingen.

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Employment Law22.11.2024 Newsletter

Goodbye to the AÜG’s group privilege?

On 12 November 2024, the Federal Labour Court (Bundesarbeitsgericht - BAG) ruled that the group privilege according to Section 1 (3) No. 2 of the German Temporary Employment Act (Arbeitnehmerüberlassungsgesetz - AÜG) already does not apply - and the provisions of the AÜG therefore do apply - if employees are hired or employed for temporary employment purposes. With this, the BAG interprets the provision beyond the confines of the wording and is once again restricting the flexible deployment of employees within a group environment. Isabel Hexel and Annabelle Marceau explain the implications of this.

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20.11.2024Cologne / Frankfurt am Main News

Oppenhoff appoints new partners as of 1 January 2025

With effect from 1 January 2025, Oppenhoff welcomes Dr. Daniel Dohrn and Marc Alexander Häger to its circle of equity partners. Dr. Carsten Bormann, Mareike Heesing , Dr. Philipp Heinrichs and Maximilian Reichl have been appointed as salary partners.

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Oppenhoff advises heristo on strategic acquisition of Mar-Ko Fleischwaren

Oppenhoff has advised heristo aktiengesellschaft on the acquisition of the business operations of Mar-Ko Fleischwaren GmbH & Co. KG. The business operations are being acquired from a subsidiary of the heristo Group, Westfälische Fleischwarenfabrik Stockmeyer GmbH.

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Oppenhoff advises Argos Wityu on the acquisition of laundry service provider Lavatio

Oppenhoff has comprehensively advised independent pan-European private equity investor Argos Wityu on the acquisition of a majority stake in Lavatio GmbH. The company is one of the leading German full-service laundry service providers. The objective is to accelerate the company's growth and drive sustainable transformation. Argos Wityu invests together with the management of the company and BNP Paribas.

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The reform of the KapMuG: phoenix from the ashes?

The Second Act to Reform the Capital Markets Model Case Act (Kapitalanleger-Musterverfahrensgesetz - KapMuG) came into force on 20 July 2024. The aim of the reform was to streamline and modernise this particular form of model case proceedings, which is intended to make it easier for aggrieved investors to assert their claims against supposedly unassailable opponents on an equal footing.

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JUVE Awards 2024: Oppenhoff honoured as "Law Firm of the Year for Succession, Wealth and Foundations"

At this year's JUVE Awards, Oppenhoff was honoured as "Law Firm of the Year for Succession, Wealth and Foundations" for the second time since 2021.

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Corporate Law / Employment Law17.10.2024 News

Oppenhoff advises Flossbach von Storch on change of legal form to SE

Oppenhoff has advised Flossbach von Storch AG on its change of legal form to a Societas Europaea (SE). The change of legal form became effective upon its entry in the Commercial Register on 15 October 2024.

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Employment Law15.10.2024 Newsletter

Simplification of formal requirements in employment law through the Bureaucracy Relief Act IV

On 18 October 2024, the German Bundesrat approved the Fourth Bureaucracy Relief Act (Bürokratieentlastungsgesetz, "BEG IV"). The BEG IV aims to simplify work processes and thus relieve the economy of unnecessary bureaucracy. Once adjustments in the leg-islative process have been made, there will also be considerable simplifications of the formal requirements in employment law. This article initially provides you with an overview of the formal requirements applicable under employment law and then reports on the simplifications provided by the BEG IV.

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Mass actions: dealing with mass individual lawsuits

The diesel scandal, data leaks and air passenger rights - these are just a few examples that have triggered a wave of individual (consumer) lawsuits against companies. Such lawsuits pose major challenges for companies - they should prepare themselves for the risk and, if the worst comes to the worst, develop a defence strategy at an early stage.

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Employment Law11.10.2024 Newsletter

Draft bill: Compliance with Collective Bargaining Agreements

On 5 September 2024, Hubertus Heil, Federal Minister of Labour and Social Affairs, presented the draft bill of the German Act on Compliance with Collective Bargaining Agreements (Tariftreuegesetz), which is not particularly surprising. In terms of content, however, the draft raises some concerns, as some of the provi-sions infringe Constitutional and European law. From a company perspective, the key new regulations on the digital access rights of trade unions are noteworthy. If the draft bill passes into law, all companies will be affected. Katharina Schäffer and Jörn Kuhn briefly present the draft.

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Oppenhoff advises EIC Fund on USD 15.3 million Series A financing round of MindPeak

Oppenhoff has once again comprehensively advised the EIC Fund on its German investments. On this occasion, the EIC Fund invested in the start-up MindPeak GmbH together with, among others, the German lead investor ZEISS Ventures, Hamburg-based InnoVentureFund, APEX Ventures and AI.Fund.

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Employment Law26.09.2024 Newsletter

Focus on Labor Law – 3rd Quarter 2024

In light of the many challenges at present, it remains to be seen whether the legislators can be expected to take any significant action in the field of labour law during the current legislative period. Federal Labour Minister Hubertus Heil recently presented a draft bill for the long-announced Act on Compliance with Collective Bargaining Agreements (Tariftreuegesetz) in order to stop the decline in collective bargaining coverage. With this Act, he simultaneously wants to grant trade unions a digital access right to companies and restrict the possibilities for evading collective bargaining. However, this draft law is currently becoming a bone of contention for the coalition government. Its implementation therefore remains uncertain.

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26.09.2024 Newsletter

Focus IT&C – 3. Quarter 2024

We have compiled some important and exciting new developments and case law from IT law and data protection for you. We hope you enjoy reading it!

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Managing litigation risks: Assignment models and litigation funding make it possible

Enforcing damage claims in court is often associated with a high financial risk and organisational effort, even for institutional investors and companies, which is why injured parties often refrain from doing so. In such cases, assignment models and litigation funding can be the solution: injured parties can enforce their claims cost-effectively in court - sometimes even without being a party to the proceedings themselves.

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Antitrust Law and Merger Control18.09.2024 Newsletter

ECJ strengthens legal certainty in EU merger control: Judgment in Illumina/Grail

In a landmark judgment, the European Court of Justice (ECJ, C-611/22 P and C-625/22 P) has denied the EU Commission's authority under Article 22 of the European Merger Control Regulation (EUMR) in the Illumina/Grail case. The EU Commission is not entitled to initiate or accept the referral of proposed concentrations that lack a European dimension by national competition authorities if they are not responsible under national law for reviewing these transactions.

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Expansion in life sciences: Franziska Katterbach new partner at Oppenhoff

Oppenhoff has appointed Franziska Katterbach as a new partner in its Life Sciences/ M&A department at the Frankfurt office as of 1 October 2024. Previously, she built up the European business as Managing Director at Khiron Life Sciences, a manufacturer and distributor of medical cannabis and operator of clinics.

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Oppenhoff advises Saint-Gobain on the sale of FREEGLASS

Oppenhoff has advised the Saint-Gobain Group on the sale of the automotive supplier FREEGLASS GmbH & Co. KG to Hannover Finanz as part of a carve-out.

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Oppenhoff advises EIC Fund on USD 62 million Series A financing round of Reverion

Oppenhoff has once again comprehensively advised the EIC Fund on its German investments. This time, the EIC Fund invested in the Munich-based start-up Reverion GmbH together with, among others, the US-based lead investor Energy Impact Partners (EIP) and Honda Motor.

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Julia Witte

Julia Witte

Communications Manager

Konrad-Adenauer-Ufer 23
50668 Cologne
T +49 221 2091 342

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